Maersk Line

Container production reached a post-Covid peak of 521,000 TEU last month, which caught the market by surprise and led to shortages in equipment and vessels.

A controlled demolition successfully removed the largest remaining span of the Francis Scott Key Bridge in Baltimore.

Maersk has launched a new airfreight gateway in Miami, aimed at improving logistics between the US, Latin America, and major markets in Asia and Europe.

Despite major disruptions in the Red Sea disruptions continue, Maersk predicts smaller losses than expected due to higher freight rates and volumes.

A major bridge collapsed in Baltimore overnight and the economic impact is expected to be severe.

Global container shipping faces overcapacity, driving rates to unsustainable lows and prompting cost-cutting measures.

As shippers navigate goods around low water levels in the Panama Canal and risks in the Red Sea, rates are rising and the risk of downstream disruptions is growing.

A partnership between Maersk and Kodiak Robotics brings the first commercial trucking lane between Houston and Oklahoma City to fruition as self-driving truck testing programs continue to grow.

In an interview with a Danish newspaper, Maersk CTO Navneet Kapoor said the company is using AI to automate as much as 20% of its logistics tasks today and hopes to increase that to 80% within seven years.

Considering all that has taken place, our European correspondent reports that the logistics industry in Europe has responded well to the generational disruptions experienced over the past few years. Through the development of new routes, services and even diplomacy, supply chains have been maintained—even under extreme pressures.

Global ocean container carriers Geneva Switzerland-based MSC Shipping Company (MSC) and Copenhagen, Denmark-based Maersk A/S, a subsidiary of A.P. Moller-Maersk, said that they have reached a mutual agreement to terminate their 2M ocean alliance, a container shipping line vessel agreement in 2025.

Shippers relying on maritime operators to get their goods to market have been slammed in recent months. Meanwhile container carriers are looking at 50%-plus percentage gains in revenue.

Balance achieved, service delivered.

The continued rise in fuel prices and chartering rates had a negative impact on the earnings of the top tier carriers for most of 2018. But as new alliances mature, industry experts are forecasting a modest improvement by next year.

When Damco’s Supply Chain Services and Maersk Line’s Ocean Product are finally integrated On January 1st, 2019, A.P. Moller - Maersk hopes that shippers will have “fewer touchpoints” and more comprehensive offerings.